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    Business
  3. Study Set
    Managerial Economics Study Set 1
  4. Exam
    Exam 5: Production and Cost
  5. Question
    For Many Corporations,a Major Portion of the Cost of Production
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For Many Corporations,a Major Portion of the Cost of Production

Question 2

Question 2

Essay

For many corporations,a major portion of the cost of production is fixed in the short run.Should these very large fixed costs be ignored when the executives are making output and pricing decisions? Why?

Correct Answer:

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